27.11.2024 16:00:00
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Warren Buffett's AI Bets: 23.8% of Berkshire Hathaway's $298 Billion Stock Portfolio Is Held in These 2 Artificial Intelligence (AI) Growth Stocks
Berkshire Hathaway CEO Warren Buffett is best known as a value investor, but few people in history can claim to have delivered better long-term growth. If an investor purchased a $1,000 stake in Berkshire on the day that the Oracle of Omaha purchased a controlling stake in the business and became its leader, that position would now be worth roughly $39.7 million. With that kind of performance, it's no wonder people look to Buffett for investing insights and wisdom. And in the investing world, no topic is bigger than artificial intelligence (AI) right now. So if you're looking to get a read on how Buffett is playing the AI revolution, read on for a look at two growth stocks that account for 23.8% of Berkshire's $298 billion stock portfolio. Keith Noonan: Apple (NASDAQ: AAPL) has played a bigger role than any other stock in pushing Berkshire Hathaway to market-beating performance over the last five years. Buffett's company first initiated a position in Apple in the first quarter of 2016, and the combination of continued purchases and powerful gains for the stock made it the investment conglomerate's biggest position. Today, Berkshire owns 300 million shares of Apple -- and the stock accounts for 23.1% of its total portfolio. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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